West Branch Capital LLC Acquires 19,288 Shares of Newell Brands Inc (NYSE:NWL)

West Branch Capital LLC raised its holdings in shares of Newell Brands Inc (NYSE:NWL) by 74.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,239 shares of the company’s stock after acquiring an additional 19,288 shares during the quarter. West Branch Capital LLC’s holdings in Newell Brands were worth $698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Coastal Investment Advisors Inc. raised its holdings in Newell Brands by 218.2% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,909 shares of the company’s stock valued at $29,000 after acquiring an additional 1,309 shares during the period. Westside Investment Management Inc. bought a new stake in Newell Brands during the 2nd quarter valued at $30,000. FinTrust Capital Advisors LLC bought a new stake in Newell Brands during the 1st quarter valued at $31,000. LifePlan Financial Group Inc bought a new stake in Newell Brands during the 2nd quarter valued at $40,000. Finally, CSat Investment Advisory L.P. raised its holdings in Newell Brands by 163.6% during the 1st quarter. CSat Investment Advisory L.P. now owns 3,110 shares of the company’s stock valued at $48,000 after acquiring an additional 1,930 shares during the period. 98.42% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Michael Todman bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average cost of $15.76 per share, for a total transaction of $78,800.00. Following the completion of the transaction, the director now owns 72,184 shares of the company’s stock, valued at $1,137,619.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.97% of the stock is currently owned by insiders.

A number of brokerages have issued reports on NWL. Consumer Edge began coverage on shares of Newell Brands in a report on Wednesday, July 3rd. They set a “hold” rating on the stock. Zacks Investment Research raised shares of Newell Brands from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Barclays reaffirmed a “hold” rating on shares of Newell Brands in a report on Wednesday, August 7th. Deutsche Bank decreased their price target on shares of Newell Brands from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Newell Brands in a report on Wednesday, July 31st. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.30.

Shares of Newell Brands stock traded up $0.48 during trading on Wednesday, hitting $16.58. The stock had a trading volume of 3,201,207 shares, compared to its average volume of 6,060,490. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 6.03, a P/E/G ratio of 3.82 and a beta of 0.90. Newell Brands Inc has a 12 month low of $13.04 and a 12 month high of $24.57. The business’s 50-day moving average is $15.10 and its 200 day moving average is $15.69. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54.

Newell Brands (NYSE:NWL) last announced its earnings results on Friday, August 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the business earned $0.82 earnings per share. As a group, equities analysts expect that Newell Brands Inc will post 1.22 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.92 annualized dividend and a yield of 5.55%. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.

About Newell Brands

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

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Institutional Ownership by Quarter for Newell Brands (NYSE:NWL)

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